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FINANCING (INCOME) EXPENSES, NET (Tables)

12 Months Ended

Dec. 31, 2013

FINANCING (INCOME) EXPENSES, NET [Abstract]

Schedule of Financing (Income) Expenses, Net

		US dollars
		Year ended December 31,												Cumulative period from September 30, 2001 (date of inception) through December 31
		2013				2012				2011				2013
Israeli CPI linkage difference on principal of loans from stockholders			14,382				9,849				24,934				201,280
Exchange rate differences			94,815				18,147				(4,638	)			346,859
Warrants with down round protection			6,251,242				(35,892	)			-				6,215,350
Issuance cost allocated to warrants with down-round protection			390,928				-				-				390,928
Stock-based interest compensation to holders of convertible notes			-				-				-				1,214,943
Interest expenses on credit from banks and other			17,592				6,605				10,597				(1,521	)
Interest expenses and other, related to convertible notes			-				-				-				200,812
			6,768,959				(1,291	)			30,893				8,568,651

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Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.

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